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HB 88 KY
Became Law

AN ACT relating to unlawful trade practices and declaring an emergency.

KY · session 2024RS · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 2, 2024

Latest action (Apr 4, 2024) signed by Governor (Acts Ch. 76)

Summary

Repeal, reenact, and amend KRS 286.2-685 as a new section of Subtitle 3 of KRS Chapter 286 to make technical amendments; remove prohibition against use of financial institution names in certain marketing and solicitations; establish a civil penalty for violation of section; establish a new section of KRS Chapter 367 to prohibit the use of financial institution names in the marketing and solicitations of persons who are not financial institutions in certain circumstances; make violation of section an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; authorize enforcement by the Attorney General and any trade organization representing one or more financial institution industries; establish remedies for violation of section; establish a new section of KRS Chapter 367 to regulate certain real estate service agreements; make recording of certain real estate service agreements a crime and provide penalties for violation of recording prohibition; make violation of section an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; authorize enforcement of section by Attorney General; authorize Attorney General to promulgate administrative regulations; amend KRS 324.160 to establish that violation of section regulating real estate service contracts by real estate licensees is improper conduct; provide that the provisions of the Act are severable; RETROACTIVE, in part; EMERGENCY.

Sponsors (21)

Action history (25)

  1. Jan 2, 2024 introduced in House · lower
  2. Jan 2, 2024 to Committee on Committees (H) · lower
  3. Jan 9, 2024 to Banking & Insurance (H) · lower
  4. Jan 10, 2024 reported favorably, 1st reading, to Calendar with Committee Substitute (1) · lower
  5. Jan 11, 2024 2nd reading, to Rules · lower
  6. Jan 12, 2024 posted for passage in the Regular Orders of the Day for Tuesday, January 16, 2024 · lower
  7. Jan 16, 2024 floor amendment (1) filed to Committee Substitute · lower
  8. Jan 17, 2024 3rd reading, passed 93-0 with Committee Substitute (1) and Floor Amendment (1) · lower
  9. Jan 18, 2024 received in Senate · upper
  10. Jan 18, 2024 to Committee on Committees (S) · upper
  11. Jan 22, 2024 to Banking & Insurance (S) · upper
  12. Feb 27, 2024 reported favorably, 1st reading, to Calendar with Committee Amendment (1) · lower
  13. Feb 28, 2024 2nd reading, to Rules · lower
  14. Mar 15, 2024 posted for passage in the Regular Orders of the Day for Thursday, March 21, 2024 · lower
  15. Mar 21, 2024 passed over and retained in the Orders of the Day · lower
  16. Mar 22, 2024 3rd reading, passed 36-0 with Committee Amendment (1) · lower
  17. Mar 25, 2024 received in House · lower
  18. Mar 25, 2024 to Rules (H) · lower
  19. Mar 26, 2024 posted for passage for concurrence in Senate Committee Amendment (1) · lower
  20. Mar 27, 2024 House concurred in Senate Committee Amendment (1) · lower
  21. Mar 27, 2024 passed 96-0 · lower
  22. Mar 27, 2024 enrolled, signed by Speaker of the House · lower
  23. Mar 27, 2024 enrolled, signed by President of the Senate · upper
  24. Mar 27, 2024 delivered to Governor · lower
  25. Apr 4, 2024 signed by Governor (Acts Ch. 76) · lower
Subjects
Administrative Regulations and ProceedingsAdvertisingBanks and Financial InstitutionsConsumer AffairsContractsCorrections ImpactEffective Dates, EmergencyLocal MandateReal EstateRetroactive LegislationTrade Practices and Retailing

Text versions (3)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Acts Chapter 76 · PDF
  • Current/Final · PDF
  • Introduced · PDF

Full text

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Data from OpenStates. View on OpenStates →